Slovenian ABC Accelerator has just announced the launch of the third accelerator program for startups in the Commercial tech industry. Following the completion of its second program dedicated to smart living and health, ABC is now focusing on tech startups working on solutions that will disrupt the traditional commerce. The start of the program was marked by a meeting between the 10 selected startups and their lead mentors, accompanied by Anna Prinz, the Ambassador of Germany to Slovenia.
ABC Accelerator in Ljubljana is one of the most influential hubs in the SEE startup ecosystem. The accelerator offers a 3+3 month program that helps teams build themselves and their startups through an intensive push covered by workshops, lectures and face-to-face meetings with mentors, investors and partners. ABC startups enjoy the benefits of the tight partnership between ABC Accelerator and BTC City, the region’s leading logistics center where they can test and find the first customers for their products. Participants are offered EUR 15,000 in equity funding and a range of EUR 35,000 up to 300,000 in the convertible loan.
Applications for the third program were closed on March 15, and the Demo Day will happen on June 23 in Ljubljana. ABC claims to have received about 360 applications sent from different parts of the world, including Mexico, Brazil, Canada, Australia, Vietnam, Russia, Pakistan, and Nigeria. After over a 3-week long selection process, the ABC team and their in-house investors have decided upon 10 startups from diverse nationalities such as French, Mexican, Serbian, Italian, Romanian and Ukrainian. The full list of selected applicants is available at the official announcement made by ABC.
The third program will end on September 25, 2016.